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Oslo Børs invites new bidders after raising questions about Euronext offer

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Oslo Børs invites new bidders after raising questions about Euronext offer

Oslo Børs VPS Holding ASA said Jan. 4 that it has invited new bidders to participate in a tender process to acquire it after raising questions about Euronext NV's 6.24 billion Norwegian kroner offer.

The Norwegian stock market operator said "strategic relevant parties" that were excluded from the compact auction process held in December 2018 would be invited to bid in a new tender in January.

The bourse's board will hold talks with Euronext and other interested parties before issuing an evaluation and making a recommendation to its shareholders.

Euronext had previously said that Oslo Børs shareholders representing 50.6% of its capital agreed to back its offer for the bourse.

Oslo Børs responded by saying that it would seek alternatives "to maximize shareholder value."